Selling price of an article is ₹5600, loss incurred is $6 \frac{2}{3}$%. Find the cost price.


Given :

$SP = ₹5600$

$Loss  = 6 \frac{2}{3} = \frac{20}{3}$%.


To find :

We have to find the cost price.


Solution :

$CP = \frac{100}{(100-\frac{20}{3})} \times 5600$

       $ = 100\times \frac{3}{(300-20)} \times 5600$

        $ = \frac{300}{280} \times 5600$

        $= 300 \times 20$

        $ = Rs. 6000$.


The cost price is Rs. 6000.

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Updated on: 10-Oct-2022

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